|
on Project, Program and Portfolio Management |
| By: | Bent Flyvbjerg; Alexander Budzier; M. D. Christodoulou; M. Zottoli |
| Abstract: | The paper explores "uniqueness bias, " a behavioral bias defined as the tendency of planners and managers to see their decisions as singular. For the first time, uniqueness bias is correlated with forecasting accuracy and performance in real-world project investment decisions. We problematize the conventional framing of projects as unique and hypothesize that it leads to poor project performance. We test the thesis for a sample of 219 projects and find that perceived uniqueness is indeed highly statistically significantly associated with underperformance. Finally, we identify how decision makers can mitigate uniqueness bias in their projects through what Daniel Kahneman aptly called "decision hygiene, " specifically reference class forecasting, premortems, similarity-based forecasting, and noise audits. |
| Date: | 2024–08 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2408.07710 |
| By: | Ekonomou, George; Halkos, George |
| Abstract: | Project management, a methodological approach that has gained the trust of many organizations, is significantly influenced by leadership and management style, playing a vital role in project success. This discussion paper attempts to underscore the role of leadership and management style in delivering projects. The interdisciplinary nature of many projects, whether in the economic system or in various research domains, is a testament to the complexity and challenge of project management. This complexity and challenge, arising from the need to navigate multiple disciplines, underscores the importance of a balanced leadership and management style. Many projects fail, or in contrast, many projects succeed based on the balance of two central concepts: efficiency and effectiveness. In turn, these concepts mirror how leadership skills can balance management styles and project requirements to plan, implement, control, monitor, and deliver projects, gaining customer satisfaction. This is significant since various roles & duties, responsibilities, and accountabilities interconnect in different hierarchical levels across multiple disciplines. Consequently, each project might describe a different situation in which project management skills should find a place to be applied without conflicts, delays, and overconsumption of resources. |
| Keywords: | Leadership; management, efficiency; sustainability. |
| JEL: | D60 D61 M12 O22 Q56 |
| Date: | 2024–08–19 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:121765 |
| By: | Nogueille Gakoni; Desire Nimpamo; SEMAKURA Julius |
| Abstract: | This research aims to investigate the pivotal role of project management in enhancing the performance of supply chain projects within the private sector, using Kasha Rwanda Ltd as a case study. The study focused on evaluating the impact of planning and scope management, resource allocation and optimization, as well as communication and stakeholder engagement on the overall performance of supply chain projects within the organization. A mixed-methods approach, involving both qualitative and quantitative research methods has been employed to gather comprehensive insights. The population under study consists of 53 individuals directly involved in supply chain projects at Kasha Rwanda Ltd. Census sampling was employed, ensuring that the entire population is included in the research process. The data collection methods included structured questionnaires and semi-structured interviews, enabling a comprehensive exploration of the research objectives. The findings of the two variables were indicated by correlation analysis. The Pearson Correlation coefficient between Planning and Scope Management and Performance of Project is 0. 919. This correlation is highly positive and statistically significant at the 0.01 level (2-tailed), indicating a strong and meaningful positive relationship between Planning and Scope Management and the Performance of Supply Chain Projects. Correlation coefficient between Resource Allocation and Optimization and Performance of Project is 0. 923. This correlation is highly positive and statistically significant at the 0.01 level (2-tailed), indicating a strong and meaningful positive relationship between Resource Allocation and Optimization and the Performance of Supply Chain Projects. moreover, the Pearson Correlation coefficient between Communication and Stakeholder Engagement and Performance of Project is 0.903. and correlation is highly positive and statistically significant at the 0.01 level (2-tailed), indicating a strong and meaningful positive relationship between Communication and Stakeholder Engagement and the Performance of Supply Chain Projects. In conclusion, this study has provided valuable insights into the role of project management in the performance of supply chain projects within the private sector, with a specific focus on the HIV Medication Delivery Project in Kasha Limited. The study recommends, to invest in comprehensive project management training and development programs for project teams and managers involved in supply chain projects. Key words: Project management, project performance, supply chain, private sector, project. |
| Date: | 2024–03 |
| URL: | https://d.repec.org/n?u=RePEc:vor:issues:2024-49-02 |
| By: | Joselyne Kayitesi; Wilson Gachiri; NIYONKURU Schiman |
| Abstract: | The purpose of the study was to determine performance of public projects in Rwanda. The specific objectives of the study were to examine the effect of project leadership on project performance, to find out the effect of project financing on project performance, to find out the effect of monitoring and evaluation on project performance and to find out the effect of beneficiary involvement on project performance of VUP RUHANGO SECTOR. The data was collected through questionnaire and documentation techniques with population of all 1000 beneficiaries and 50 staffs of VUP RUHANGO SECTOR. Data was analysed using Microsoft Excel and SPSS 22.0 software to create tables, frequencies, and statistics. With M =4.32 and SD = 0.895 confirmed that project leaders ensures there is effective communication during project implementation, M = 4.27 and SD =0.928 confirmed that project leadership clearly states the roles and duties of each member in achievement of goals. M =3.91 and SD = 0.981 confirmed that the projects funds are disbursed on time which ensure projects are implemented timely. There was a moderate and positive correlation found between VUP Ruhango Sector Monitoring and evaluation and Project Performance, with a Pearson Correlation value of 0.743 being the most significant. According to the correlation table, Beneficiary Involvement and Project Performance have a strong correlation of 0.807 according to Pearson. As you can see, it is significantly less than the 0.05 and 0.01 levels of significance.. Key words: Project, Management, Performance and Public Projects. |
| Date: | 2024–03 |
| URL: | https://d.repec.org/n?u=RePEc:vor:issues:2024-49-04 |
| By: | Edelin Lucene Mangnan (IPES - IPES BUSINESS SCHOOL) |
| Abstract: | This guide is designed to guide practitioners in the effective design and planning of development projects. The importance of project planning lies in the ability to transform resources into concrete achievements that meet people's needs. This handbook aims to provide a frame of reference for the design and planning of development projects, highlighting best practices and essential tools. |
| Abstract: | Ce guide est conçu pour guider les praticiens dans la conception et la planification efficace de projets de développement. Il intègre des concepts théoriques et des exemples pratiques pour une meilleure compréhension. L'importance de la planification de projets réside dans la capacité à transformer les ressources en réalisations concrètes qui répondent aux besoins de la population. Ce manuel a pour objectif de fournir un cadre de référence pour la conception et la planification de projets de développement, en mettant en avant les meilleures pratiques et les outils indispensables. |
| Keywords: | Mise en oeuvre Finalisation des activités, évaluation des résultats |
| Date: | 2024–08–01 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04666654 |
| By: | Alice Kabeza; Schiman NIYONKURU; Julius SEMAKULA |
| Abstract: | The main purpose of this study was to examine the relationship between project resource management practices and project performance in Rwanda, a case of advancing citizens engagement prepared and funded by Spark Microgrants in Musanze sector. Effective resource management is a critical determinant of project success in development initiatives. In Musanze District, Rwanda, the Advancing Citizens Engagement Project, funded by Spark Microgrants, aims to promote citizen engagement in community development. However, the extent to which resource management practices impact project performance remains underexplored. This study employed a mixed-methods approach, combining surveys, interviews, and correlation analyses to assess the relationship between resource management practices and project performance. The analysis revealed a strong positive correlation between resource management practices and project performance. Resource planning, including documentation and scope assessment, showed a significant impact on project success. Efficient resource allocation practices, based on skills and availability, contributed to cost control and efficiency. Implementing robust resource utilization monitoring mechanisms to avoid overallocation or underutilization. Investing in training and capacity-building for project team members to enhance performance. Key words: resource, resource planning, resource utilization, project performance, resource management |
| Date: | 2024–03 |
| URL: | https://d.repec.org/n?u=RePEc:vor:issues:2024-49-03 |
| By: | Diane Karinganire; Wilson Gachiri; Jean Paul NIZEYIMANA |
| Abstract: | The main purpose of this study was to examine the effect of project management practices on performance of agricultural cooperatives in Rwanda, a case study of VIVACIOUS Cooperative in Gasabo District 2017-2022. Specific the study aimed to explore the influence of monitoring and evaluation on the performance of agricultural cooperative in Gasabo district, to examine the influence of stakeholders on performance of agricultural cooperative in Gasabo District, and to analyse the influence of project leadership experience on performance of agricultural cooperative in Gasabo District. Qualitative data have been analysed using SPSS while qualitative data have been analysed using the thematic method. In order to select the sample size, the researcher adopted universal sampling with 85 respondents. In order to collect data, the researcher used documentation, interview, and questionnaire. Pearson correlation analysis revealed that the overall confirmed that there is significant positive relationship between project management practices and performance of agricultural cooperative in Gasabo district. The study recommended future planning process which will guided by the past records of the project. The management team must clarify the expected failure in their project plan happened while they were making monitoring and then provide possible solution to those problems so that plan money to mitigate those should be estimated and put aside.. Key words: Project, Project Management, Project management practices, Performance, Agricultural cooperatives. |
| Date: | 2024–03 |
| URL: | https://d.repec.org/n?u=RePEc:vor:issues:2024-49-01 |
| By: | April Burrage; Nilanjana Dasgupta; Ina Ganguli |
| Abstract: | This study examines gender differences in the social impact and commercial motives for academic entrepreneurship using the National Science Foundation's Innovation Corps (NSF I-Corps) program. I-Corps provides experiential entrepreneurship training to faculty and graduate student researchers at local I-Corps university sites and through a nationwide program. Since the inception of I-Corps, only 20% of participants have been women. We first use survey data from one I-Corps university site to show that women participants had higher social entrepreneurial intentions compared to commercial entrepreneurial intentions, and these social entrepreneurial intentions were higher than men’s. We then extend and generalize this finding by analyzing 1, 267 publicly available project summaries from the National I-Corps Program from 2012-2019. We find that women PIs’ I-Corps project proposals emphasized social impact significantly more than men PIs, while projects for all PIs emphasized commercial impact to a similar degree. We next ran a field experiment to estimate the causal impact of social impact vs. commercial motives by experimentally manipulating the recruitment email messages inviting researchers to participate in the I-Corps training program. We find that women were more likely to show interest in a social impact version of a message compared to a commercial version, while men showed equal interest in both types of messages. Taken together, our results indicate that women are more interested in pursuing commercialization and entrepreneurship activities when they are tackling societal problems. They suggest that low-cost interventions that emphasize the social impact value of entrepreneurial opportunities may increase gender diversity in entrepreneurship activities. |
| JEL: | J16 L26 O31 |
| Date: | 2024–08 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:32885 |